FX.co ★ #Bitcoin chart analysis

The price #Bitcoin . reacted with a downward impulse to yesterday's U.S. labor market statistics. In the end, from the resistance at 82000 the price plunged to 79700, and at the moment trading is taking place around that level. From here, we have to wait for developments. I'm not buying for now; I allow for the possibility of a deeper correction toward 75000 and below. Next week the key U.S. inflation data will be published. I think we'll get a significant move on the chart then, and until that moment we risk getting stuck in a sideways range, unless some important news from the Middle East, for example, arrives.